Can I retire at age 61 with 2,290,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$189,106$187,422$185,778$184,174$182,608$175,640
2 years$93,617$91,873$90,184$88,545$86,956$80,018
3 years$61,791$60,040$58,355$56,732$55,169$48,479
4 years$45,882$44,136$42,467$40,872$39,347$32,956
5 years$36,338$34,603$32,956$31,394$29,911$23,836
6 years$29,978$28,256$26,634$25,106$23,667$17,912
7 years$25,437$23,729$22,133$20,641$19,248$13,811
8 years$22,033$20,340$18,770$17,315$15,968$10,843
9 years$19,386$17,710$16,167$14,749$13,447$8,628
10 years$17,270$15,611$14,095$12,713$11,458$6,935
11 years$15,540$13,897$12,409$11,065$9,854$5,618
12 years$14,100$12,473$11,012$9,705$8,539$4,579
13 years$12,882$11,272$9,839$8,568$7,446$3,750
14 years$11,838$10,246$8,840$7,606$6,528$3,083
15 years$10,935$9,360$7,982$6,783$5,747$2,542
16 years$10,146$8,588$7,236$6,073$5,080$2,102
17 years$9,450$7,909$6,585$5,457$4,504$1,742
18 years$8,832$7,308$6,011$4,918$4,005$1,445
19 years$8,279$6,773$5,503$4,444$3,569$1,201
20 years$7,783$6,294$5,050$4,025$3,188$1,000
21 years$7,334$5,863$4,645$3,653$2,853$832
22 years$6,927$5,472$4,281$3,321$2,557$694
23 years$6,556$5,118$3,953$3,025$2,296$579
24 years$6,216$4,796$3,656$2,759$2,063$483
25 years$5,904$4,500$3,386$2,519$1,857$403
26 years$5,616$4,230$3,140$2,303$1,673$337
27 years$5,350$3,981$2,916$2,108$1,508$281
28 years$5,104$3,751$2,711$1,932$1,361$235
29 years$4,875$3,539$2,523$1,771$1,229$197
30 years$4,661$3,342$2,350$1,626$1,110$164
31 years$4,462$3,159$2,191$1,493$1,004$137
32 years$4,276$2,989$2,044$1,372$908$115
33 years$4,101$2,831$1,908$1,262$822$96
34 years$3,937$2,683$1,783$1,161$744$80
35 years$3,783$2,545$1,667$1,069$674$67
36 years$3,637$2,415$1,560$984$610$56
37 years$3,500$2,294$1,460$907$553$47
38 years$3,370$2,180$1,367$836$502$39
39 years$3,247$2,073$1,281$771$455$33
40 years$3,131$1,972$1,200$711$413$28
41 years$3,020$1,877$1,126$656$374$23
42 years$2,916$1,788$1,056$605$340$19
43 years$2,816$1,704$991$559$308$16
44 years$2,721$1,624$930$516$280$14
45 years$2,630$1,549$873$477$254$11
46 years$2,544$1,477$820$440$231$9
47 years$2,462$1,410$771$407$209$8
48 years$2,383$1,346$724$376$190$7
49 years$2,308$1,285$681$347$173$6
50 years$2,236$1,228$640$321$157$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,290,000, adding $2,509 every year, while hoping to spend $31,249 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/44/13 Blend
60$2,290,000$2,290,000$2,290,000$2,290,000
61$2,526,168$2,404,798$2,369,303$2,625,156
62$2,750,588$2,489,384$2,415,426$2,779,239
63$2,996,852$2,577,068$2,462,047$2,942,741
64$3,267,155$2,667,968$2,509,149$3,119,187
65$3,563,914$2,762,208$2,556,715$3,309,775
66$3,889,793$2,859,916$2,604,725$3,515,824
67$4,247,726$2,961,226$2,653,157$3,738,785
68$4,640,946$3,066,277$2,701,989$3,980,250
69$5,073,012$3,175,215$2,751,195$4,241,969
70$5,547,847$3,288,188$2,800,748$4,525,867
71$6,069,774$3,405,356$2,850,620$4,834,061
72$6,643,552$3,526,880$2,900,777$5,168,878
73$7,274,428$3,652,930$2,951,186$5,532,877
74$7,968,180$3,783,684$3,001,811$5,928,873
75$8,731,175$3,919,325$3,052,613$6,359,964
76$9,570,428$4,060,045$3,103,548$6,829,556
77$10,493,668$4,206,044$3,154,574$7,341,398
78$11,509,411$4,357,529$3,205,641$7,899,615
79$12,627,039$4,514,716$3,256,698$8,508,745
80$13,856,891$4,677,831$3,307,691$9,173,785
81$15,210,358$4,847,109$3,358,563$9,900,233
82$16,699,990$5,022,793$3,409,250$10,694,141
83$18,339,617$5,205,138$3,459,688$11,562,170
84$20,144,477$5,394,409$3,509,807$12,511,655
85$22,131,361$5,590,882$3,559,533$13,550,670
86$24,318,770$5,794,845$3,608,788$14,688,103
87$26,727,090$6,006,598$3,657,487$15,933,743
88$29,378,784$6,226,453$3,705,544$17,298,367
89$32,298,606$6,454,734$3,752,865$18,793,840
90$35,513,829$6,691,782$3,799,352$20,433,232
91$39,054,509$6,937,949$3,844,900$22,230,934
92$42,953,765$7,193,604$3,889,400$24,202,793
93$47,248,088$7,459,130$3,932,734$26,366,266
94$51,977,694$7,734,928$3,974,782$28,740,574
95$57,186,894$8,021,415$4,015,412$31,346,892
96$62,924,517$8,319,024$4,054,488$34,208,541
97$69,244,372$8,628,211$4,091,868$37,351,207
98$76,205,751$8,949,446$4,127,399$40,803,186
99$83,873,992$9,283,223$4,160,921$44,595,644
100$92,321,094$9,630,056$4,192,266$48,762,913